Published on 31 May 2024 on Zacks via Yahoo Finance
ZTO Express’ ZTO shares have gained 1.1% since its first-quarter 2024 earnings release on May 16. Quarterly earnings of 37 cents per share improved year over year. Total revenues of $1.37 billion improved year over year.
Detailed Operational Statistics
Revenues from the core express delivery business surged 11% year over year, owing to a 13.9% increase in parcel volume and a 2.5% decrease in parcel unit price. KA revenues, including delivery fees from direct sales organizations established to serve core express KA customers, decreased 7.1% as a result of a mix shift toward higher-value customers.